About The Business The Brand and the business have been established for over 30 years by the Founder. The primary activities are the manufacturing of sewed to measurement curtains for both residential and commercial projects. The Company also provide blinds, wallpaper, glass papers and installation services. It serves direct owner customers as well as trade partners such as Interior Design firms. The Company operates out of c.2,200 rented premises which house the production facilities, showroom and an administrative office. Total headcount: 10.
Rationale for the Acquisition Currently a family owned business that relies on long term customer and partner relationships. No active sales and marketing effort to generate additional orders. Strong production capabilities using modern and high-end equipment. Total machinery cost over S$400K (all less than 4-year old) Long relationships with key Principals and Customers Highly suitable for establishments with strong sales and marketing team in related trades Suitable for ID firms, renovation firms or other home fixtures suppliers to diversify and expand their business. Reasons for Exploring Exit Founder/Owner wants to retire. Owner open to stay for 6-12 month to assist with the transition.
Key Financials Revenue SGD1M in FY18. Normalised EBITDA (Earnings before interest, tax & depreciation) – $98K / 10% Asking fee -SGD 370K including all business assets (mainly machinery and 2 vans). Debt free.
Singapore